Strait Gold Closes First Tranche of Working Capital Offering

Strait Gold Corporation (TSX VENTURE:SRD) announced that it has placed 2,800,000 working capital units priced at $0.06 per WC Unit for gross proceeds of $168,000. Each WC Unit consists of one (1) common share and one half (1/2) of a share purchase warrant.

The press release is quoted as saying:

The first drill hole of the 1,000 metre, five-hole drilling program at NQN-001, is now complete. The vertical hole was drilled from the interpreted centre of the body and kimberlite was intersected continuously from 13.9 to 257 metres, where the hole was terminated in kimberlite at a pre-determined depth.

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